A look at the headlines in this sector right now:

  1. LinkedIn Lite mobile website launched in India for users with poor internet connectivity: The company has come up with two other new services – LinkedIn Placements and LinkedIn Starter Pack – to tap into the domestic market.
  2. Cairn India’s minority shareholders approve merger with Vedanta Limited: The transaction is expected to be completed by the end of the 2016-’17 financial year.
  3. Monsoon to start withdrawing from North West India in 3-4 days: The India Meteorological Department said conditions were 'becoming favourable' for the South West rains to start receding from West Rajasthan.
  4. IMF Managing Director Christine Lagarde to go on trial in case of fraud: The former French finance minister has been accused of negligence and giving preferential treatment to a business tycoon.
  5. Retail inflation drops to five-month low of 5.05% in August, triggering hopes of interest rate cut: The index of Industrial Production Growth fell to 2.4% after manufacturing output shrunk by 3.4%.
  6. Vijay Mallya's Kingfisher Villa in Goa up for auction: Banks have kept Rs 85 crore as the reserve price for the October 19 sale.
  7. India’s top three women bankers feature in Fortune list of 50 most powerful women outside US: While SBI chief Arundhati Bhattacharya is ranked second on the list, ICICI Bank head Chanda Kochhar is on the fifth position and Axis Bank CEO Shikha Sharma is at 19.